Skip to main content

About your Search

20121108
20121116
STATION
KPIX (CBS) 25
LANGUAGE
Search Results 0 to 24 of about 25 (some duplicates have been removed)
CBS
Nov 7, 2012 5:30pm PST
boehner are talking about a new spirit of cooperation. but there are battles ahead and we have a team of correspondents covering this fresh start with old players in washington. first, nancy cordes with the president. >> reporter: the president and his family boarded air force one in chicago this afternoon after a visit to campaign headquarters where president obama embraced his campaign manager, jim messina, and elated staffers and volunteers. despite all the talk beforehand of a razor tight race, in the end president obama captured all but two of the states he won in 2008. i just spoke with governor romney and i congratulated him and paul ryan on a hard-fought campaign. (applause) we may have battled fiercely, but it's only because we love this country deeply and we care so strongly about its future. >> reporter: before a cheering crowd of thousands in south chicago, president obama laid out an ambitious second-term agenda: deficit reduction, tax code reform, immigration reform, and energy independence. big goals that have inspired and divided the two parties for decades. >> we are not
CBS
Nov 7, 2012 11:00pm PST
. at least for now, he and john boehner are talking about a new spirit of cooperation in washington. >> we're not as divided as our politics suggested. we're not as cynical as the pundits believe. we're greater than the thumb of our individual ambation. >> reporter: today speaker boehner started open negotiations with the president. >> we're willing to accept new revenue under the right conditions. it matters where it comes from and what type of reform comes with it. if there's a mandate in yesterday's results it's a mandate for us to figure out a way to work together. >> reporter: now there's a new idea thrown out by the house speaker. he's saying why don't we delay the fiscal cliff all together for a year and in the meantime congress can work on reforming taxes and social security. >> the dow plunged 312 points today, its worst day in the year. a lot of talk is that wall street is worried a second term president obama will want tougher regulations. cbs money watch points out two hours before the opening bell the president of the european central bank admitted the euro zone crisis
CBS
Nov 11, 2012 8:30am PST
wealth tow pay more taxes. speaker boehner, the republican speaker of the house, has already said that's a nonstarter. aren't we right back where we were last year? >> well, i don't think so, bob, for a am could you have reasons. first of all, i think the speaker also said he wasn't going to get into details about what he would or wouldn't accept. he didn't want to foreclose discussions, and that was a positive sign. his rhetoric has been encouraging. and i think we have also had an intervening election, and in fact the position of the president articulated friday was the position that he's articulated throughout the campaign. you look at those exit polls, and a healthy majority of americans agree with him. and that's certainly going to help him form these discussions. >> schieffer: the president won, but this was a very close victory. and it came down to those battleground states. and it was close even there. does the president feel that won a mandate? >> well, bob, on this particular issue, it wasn't close. as i said, if you look at the exit polls-- i think it was somewhere arou
CBS
Nov 15, 2012 4:00am PST
. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't do enough to cut the deficit. they will have that argument face to face with boehner on friday. >> one of the most frequent criticisms we've heard over the past few years from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways that you plan to approach your relationships with congress in the second term? >> look, i think there's no doub
CBS
Nov 7, 2012 5:00pm PST
control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social programs. and there will be little time for the winners to celebrate. next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a general consensus the 65-year-old politic was unlikely to dis
CBS
Nov 11, 2012 6:00pm PST
an option for the country when it comes to fiscal cliff. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if
CBS
Nov 9, 2012 7:00am PST
speaker john boehner from setting the ground rules when it comes to negotiations over the fiscal cliff, mix of spending cuts and tax increases that will kick in at the end of the year. after returning to the white house victorious you'll hear the president argue today, as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory is a sign that the american people feel the same way. they have no plans of backing down. they have not said how they plan to handle negotiations on the fiscal cliff. they've really just been regrouping. he met with top aides about it yesterday. capitol hill is telling me that they're waiting to hear how the white house wants to move forward. there's really nothing they can do until they hear from the white house. we got a stark reminder of how high the stakes are. the nonpartisan congressional budget office released a report saying of all those spending cuts and tax increases associated with the fiscal cliff are allowed to kick in at the end
CBS
Nov 8, 2012 7:00am PST
what type of reform comes with it. >> but boehner shot down the idea of tax increases specifically targeting the rich something the president insisted on during his campaign. earlier in the day, the top democrat in the senate implied that any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: now exit polls from tuesday showed that voters side with the president on the tax issue. 47% of voters said that taxes should increase for people making more than $250,000 a year. 13% said that they should increase for everyone. administration sources say that there's speculation and they won't confirm it, but there's likely to be a meeting between the president and congressional leaders soon, maybe even next week. norah, charlie? >> bill thank you very much. wall street opens slightly higher this morning after a big sell off wednesday. the dow jones industrials lost 313 points. its worst day of the year. the index fell belo
CBS
Nov 11, 2012 5:00pm PST
-boehner golf game part two might go because boehner now has to make a choice. he has a alaska, and he is kind of a deal maker by natural inclination. he has to figure out what his 230-some-odd members took away from this election. how many of relexingtonned tea party type members feel they were sent to washington because they refused to comexprms how many are available for the new kind of compromise necessary to get a grand bargain. where he lands is the most interesting question to me. >> schieffer: what happens next, david? let's just talk about this. unless they find some compromise here, you're going to see these horrendous across-the-board cuts in defense and social programs. you're also going to see these tax cuts expire, which means everybody gets a tax increase. do you think they can do it before the end of the year? or will they just kick it down the road? >> i think they can find a way to postpone the fiscal cliff for another six months a year. i think that's certainly doable because everybody understands you're going to get tipped into recession and everybody pays a pric
CBS
Nov 9, 2012 5:30pm PST
also some wiggle room here because boehner has put new tax revenues on the table. so i asked the speaker today: what is the difference between rates and revenues? and he explained republicans might raise revenues by cutting tax deductions. could you give us an idea, any more examples of where you're les g with that? because if tax rates are not on e,e table, are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code-- both corporate and personal. it's also clear that there are all kinds of deductions, some of which makes sense, others don't. >> reporter: two of the biggest deductions in the tax code are the mortgage interest tax deduction and the health insurance that workers get from rs tr employers tax free. what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a classic negotiati
CBS
Nov 14, 2012 5:30pm PST
. give them that certainty right now. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you pl
CBS
Nov 13, 2012 5:00am PST
, jill joins us from cbsmoneywatch.com. >> and last week. john boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes and state and local taxes, we could see a deal around the itemized deductions. >> i don't want to be the grim reaper, what if they don't get a deal done, we're in trouble. >> 80 to 90% of americans are going to see their taxes increase, maybe by 3500 dollars on average, 2 grand for middle income americans. if you're a low to middle wage earner. here's what you would lose, the valuable earned income tax
CBS
Nov 9, 2012 6:00am PST
he has, john boehner. >> it is something, you have this big pressure, this great moment, but also the doubts and stuff going in, the win, of the loss, the fact that you can be out the door. someone says you won again. we have the "fiscal cliff" hanging over you, by the way. so get ready. you have 33 seconds. what's your play? you're going to go to be back in the corner. >> he hasn't thought about that at all. he was focused on whether or not he could justify the four previous years. he was not thinking about the four years forward. period. >> i have a question. just the exhaustion factor with romney and the president. the next day they must wake up and say, can i just go to the caribbean for a week? but you have to go back to work. >> the energy is gone. by the time you end at 8:00 on the night of the election at whatever station you happen to be, the energy leaves you. then you discover you didn't have it anyway. you were operating on adrenaline and what have you. so you have no idea the exhaustion of what you have gone through. the president and the winner have then got to do th
CBS
Nov 9, 2012 5:00pm PST
president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are at odds over income taxes on wealthier americans, they bo
CBS
Nov 10, 2012 6:00pm PST
speaker boehner continue to stake out their ground in the debate over the looming fiscal cliff. both made radio addresses today. the president said any compromise must include higher taxes for families making more than $250,000 a year. the speaker called instead for closing special interest loopholes. campaign 2012 was the most expensive ever. overall spending topped the $6 billion mark, driven by super pacs. as michelle miller now tells us, many low-profile candidates benefitted from super pac money, cash that in some cases came from a single person. >> my job is to make sure they do represent your best interests. >> reporter: carrie bentiviolio won his election this year as a freshman congressman from michigan. >> i'm never, ever going to raise taxes unless there's a war. >> reporter: this former school teacher and political newcomer might not have gotten this far without a super pac,. liberty for all spent $800,000 to help bentiviolio win his republican primary. >> god bless them because it was wonderful. >> reporter: the backing came from john ramsey, a 22-year-old college senior
CBS
Nov 9, 2012 4:00am PST
art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president biden is certain a solution can be found. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: finding a solution in a lame duck congress could prove complicated. and that report from the congressional budget office also said if no agreement is reached the jobless rate would go up to 9.1% next year. >> susan mcginnis in washington on a friday morning. thank you so much. here in the northeast recovery from a pair of powerful storms is slow, painful and frustrating. this morning air travel in new york is expected to return to normal following wednesday's nor'easter. the storm complicated problems by superstorm sandy. hundreds of thousands remain without power or heat and can't get fuel. it's so bad doctors without borders set up its
CBS
Nov 12, 2012 7:00am PST
nation's debt crisis. but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them
CBS
Nov 8, 2012 5:30pm PST
, white house officials told me today they were encouraged by house speaker john boehner's comment yesterday about finding common ground. still, they reiterate today any hal is going to have to involve allowing those bush tax cuts to expire for household incomes 50er $250,000 a year. and that's something republicans adamantly oppose. the nonpartisan congressional fidget office put out a report today that stayed allowing those tax cuts to expire just for top tax earners would constrain economic juowth next year by just one- oenth of 1%. the report also showed what's at stake here if all the tax increases and spending cuts l cociate with the fiscal cliff ,re allowed to kick in, the unemployment rate will shoot up to 9.1% in 2013, from 7.9% now. hat's why vice president biden predicted today the two sides till come up with a solution. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: white house officials insist they have all lhe leverage here because all the bush tax cuts are set to expire if republicans don'
CBS
Nov 12, 2012 4:00am PST
boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words. >> if sequestration goes into effect it's a disaster for national defense. >> reporter: the strategy of pivoting away from the wars in iraq and afghanistan towards the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of sequestration. >> reporter: in this letter to senators panetta warned by the time sequestration was over the u.s. would have the smallest ground force since 1940, smallest navy since 1915 and smallest air force ever. a
CBS
Nov 8, 2012 4:00am PST
john boehner promised his party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both sides will be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increases at the end the year if no deal is reached. both sides are indicating a give and take. >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. >> it's better to dance than to fight. it's better to work together. >> reporter: and voters are counting on it. tara mergener for cbs news, the white house. >>> cbs moneywatch time now on a thursday. worries about the fiscal cliff are already affecting stocks around the world. erica ferrari with more on that. >> reporter: asian markets tumbled over worries about the looming budget crisis here in the u.s. the nikkei lost 1.5%. hit a three week
CBS
Nov 7, 2012 6:00pm PST
boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for the country. >> reporter: both parties will have to compromise by the end of the area to avoid the "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social practices. the main concern about the "fiscal cliff" is it could plunge us back into recession. already, president obama wants to end the tax cuts for the wealthiest americans. but the republicans want the cuts for everyone. so what about mitt romney? he has been on the campaign trail six years now. he says it's probably the end of his political career. he plans to spend more time with his family. he has a lot of family, five sons and 18 grandchildren and he has a 19th one on the way. so dana, i think he has his hands full. >> if he thinks he is going to get some rest, he's not. grace, thank you. >>> four million more hispanics were eligible to vote this year com
CBS
Nov 10, 2012 5:00am PST
unemployment can rise about 9% and the economy will go into recession. house speaker john boehner said he's willing to deal too but want the funds to come from closing tax loopholes not raising tax rates. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: the president says he's not whetted to every detail of the plan but two days after his election he says americans agree with his approach. now he has to convince republicans he has that mandate. >>> so just how much of a threat is the fiscal cliff and what are the chances of an agreement to avoid a potentially dire consequence? steve rattner is a leader of the nonpartisan group campaign to fix the debt. he oversaw the auto industry bailout for the obama administration. steven, welcome. the stakes here are quite high for the average american family 90% of the country is going see a tax hike. you might see them if you're in an average income household go up $2 $3,000. what ar
CBS
Nov 13, 2012 7:00am PST
the year. >> on the house side that's clear that boehner is send inging a message to fellow republicans on the house, we've got to make extra steps that we didn't before? >> i think that's true and i think the president has responded by saying i'm not wedded to the idea of tax rate increases. i'll settle for more revenue, if that's the -- if that's what i can get. >> yuf got senyou've got senators reid and mcconnell. >> it was like arranging the peace talk ss. it wasn't easy. >> were they as uncomfortable as they look sitting next to each other? >> yes. >> yeah? >> yes. >> what did you learn from that? >> what can you say? they don't strike me as two guys that are going to sit down in a room over a whiskey and kind of work things out. they're very locked in their way s and they are both political tacticians. that's what they do. >> they are brilliant political tacticians. they are both good at what they do in outmaneuvering one another. they're so politically far apart. why should we expect a compromise bill to happen? >> i think the future of the party of republican party v
CBS
Nov 8, 2012 6:00am PST
speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know that these numbers are going to be skewed for weeks because of hurricane sandy. they might be lower and we might see a surge in a month because of that. the u.s. trade deficit in september falling to
Search Results 0 to 24 of about 25 (some duplicates have been removed)